Cyprus is the first European Union member to host the European Asylum Support Office permanently to help Nicosia cope with a sharp spike in migrants. Cypriot Interior Minister Constantinos Petrides said Cyprus is the first country among the 28 EU states to sign a hosting agreement for expert assistance from the EASO as its asylum
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Hellenic Bank has announced it will close down more branches by the end of 2020, despite criticism it is abandoning rural communities that need them most. Talking to MPs of the House’s Audit Committee, Hellenic general manager George Karagiorgis said the bank intends to close more branches following the closure of 43 Co-op outlets acquired
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The British High Commission has welcomed Nicosia’s decision to extend the deadline for UK nationals living in Cyprus to apply for residency in the advent of a no-deal Brexit. Nicosia decided that in the case of a no-deal Brexit, UK nationals and their family members resident in Cyprus before 31 October 2019, retain the right
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By Hussein Sayed, Chief Market Strategist at FXTM The Federal Reserve cut its main target interest rate for the second time in 2019. The 25-basis point cut to a range of 1.75% to 2% was widely anticipated by markets. However, this didn’t move the Dollar lower as the FOMC statement and economic projections made it
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Cyprus’ 2020 state budget forecasts slower GDP economic growth of 2.9% next year and a fiscal surplus of 2.7%. The 2020 state budget, approved by the Cabinet, is balanced with a fiscal surplus, said Finance Minister Harris Georgiades. It foresees a fiscal surplus of 2.7% and a primary surplus of 5.1%. Due to the state
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UN chief Antonio Guterres said it is imperative Cypriot leaders quickly reach an agreement on the terms of reference to revive frozen peace talks that will have a different outcome from past failures. During a media conference ahead of the 74th UN General Assembly, Guterres said: “It’s very important to quickly come to an agreement
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APOEL FC kicks-off its Europa League group stage campaign on Thursday eyeing possible prize money of €13 mln, while already bagging €11 mln from its exploits so far as the only Cyprus team left in Europe. The Nicosia outfit missed out on some €20 mln after being dumped out of the Champions League by Dutch
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Energy giants Total and Eni have joined forces to exploit another oil and gas block up for grabs offshore Cyprus, Cypriot authorities said Wednesday. The agreement makes France’s Total and Italy’s Eni the biggest players in the Mediterranean island’s energy search, holding exploration licenses for seven of the 13 blocks. Korea’s Kogas is also a
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Total worth of Cyprus properties were valued at €178.7 bln last year, around €24 mln less than they were estimated in 2013, according to the Land Registry Department. Specifically, in 2013 a total of 1,634,946 parcels of land and housing units were valued at €202.6 bln dropping to €178.7 bln in 2018. Estimates only cover
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Turkey is deliberately undermining the resumption of UN peace talks by imposing unacceptable terms, Cyprus president Nicos Anastasiades told the Associated Press. He said Turkey's "obsession" to permanently station troops, secure military intervention rights and entrench its control over all of Cyprus under any peace deal is unsettling Greek Cypriots and diminishing the prospects of
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